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Thursday, February 10, 2005

Rompetrol expands in Albania

Rompetrol, Romania's second largest oil group, yesterday said it has established a subsidiary in Albania, which will sell the group's oil products nationally and in the neighboring states.

Among the new states, the group is eyeing Kosovo, Macedonia and Montenegro, where it has already started negotiations with several dealers.

Rompetrol Albania operates a 14,000 oil ton deposit in Durres, a western harbor.

Bogdan Costache, director at Rompetrol Albania, said the Romanian oil group decided to expand in Albania as the country is almost "virgin," where the world's largest oil companies have not yet entered.

Besides its activities in Romania, the group also controls a subsidiary in Bulgaria and another in the Republic of Moldova.
Romeptrol is also planning to expand in Turkey, the group's official said

Posted by Iulia Rasoiu : 2/10/2005 10:44:00 am